Teb,
Would this be a valid setup still? or am I wrong on this one.
fxst
Would this be a valid setup still? or am I wrong on this one.
fxst
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DislikedThe bounce and candle formation off the 4 hour
also the 200 is good on the day & week
so the 4 hour 200 is the last
also we had a great trend line break on the 5 & 15 min charts
the 3rd target was just taken out
Attachment
moving SL up
cheers
TEBIgnored
DislikedTeb,
Would this be a valid setup still? or am I wrong on this one.
fxstIgnored
DislikedHi TEB!
I have been following all of your thread with a LOT of interest. BTW this is my first post and I would like to start off with a big THANK YOU to everyone contributing such wealth to FF
I cannot understand why you went long on the USDCHF so early. The charts are ABOVE the 200ema on the daily, above also on the 4hr, and broke the 1hr chart. I understand that you are trading the consolidation pattern off the support level, but this isn't following your usual trading system ?
Shouldn't we be waiting (now that the break has occured on the...Ignored
Dislikedyes & no I was using... the week, the day & the 4 hour charts.
So I was looking for a buy on the 4 hour
it was the bounce off the trend line
http://www.forexfactory.com/attachme...1&d=1228471339
cheers
tebIgnored
DislikedThanks for a quick reply TEB,
Can you take a look at CHFJPY ? (4HR is BELOW, 1HR is BELOW and 15Min crossed the 200ema earlier and is dashing down)..... would you consider this to be a good trade and how far would you place your T/P ?
May I ask (on the side), how long have you been trading this fantastic system? Are you a full time trader ?
Regards from Malta!Ignored
Dislikedtarget 1 hit
that is all for me with NFP coming
this is the big push up to have a big drop when NFP comes out
Attachment
cheers
TEBIgnored
DislikedSorry to read that eswap.
Taking the same currency pair (USDJPY): The 1HR is below the ema, the 15mins is below the 5min ema has just broke the ema. SO, would it be correct in now waiting for it to return back to continue the downward trend ? Personally putting a sell stop order at 92.30, stop loss at 92.75 (above the key support level) and target profit at 91.55. Would this make sense?
..:: Daniel ::..Ignored
DislikedIn any case I would wait for a 123 pattern. 92.3 seems to me very low actually wilth your 5 min chart.
By the way, it is already over 93.40Ignored
Dislikedyes the 1.2.3 is the key or a bounce off the S/R works too
or a breaking or bounce off a pattern
but you need something with price action
Cheers
TEBIgnored
DislikedHi teb,
I notice you have more than just the 200ema, care to explain what the other emas are for? Thanks
And another issue, I am still unsure how to know whether to trade or not. When the 15min is broken, and there is a 123 break but the counter trend remains and even the 1h becomes broken. What do you do then? And how to filter out such trades. ThanksIgnored